Knowing how much inventory to put on the sales floor to achieve your sales forecast is the key to making money in retail. If you put too little inventory there, you’ll miss sales.
Expanding your products into the wholesale market is a full-time job and not for the weak or easily broken. If you are a retailer wanting to expand your business into wholesale, think about this as not only a whole new business model, but a different
As a savvy business person, you’re probably aware of many of the benefits to having candles in your product mix: they’re great for eye-catching and colorful displays, they make great gifts, and they are consumable, so loyal customers will always come back for more.
A Selection of FIVE best questions about STORE, INVENTORY & LOCATION How important is it to move things around in a store that is mostly visited by tourists? The main reason that most retail store consultants emphasize changing displays and rearranging merchandise is so that your store
The holiday season is not only a time for celebrating, it’s also a time for gift shopping. For merchants, it is also the most important sales period of the year. Holiday business sometimes makes the difference between profit or loss. That being the case, it
Most smaller retailers work with dozens of brands and other suppliers—for everything from inventory to packaging. Your relationship with your brands can have a significant impact on your bottom line, particularly when it comes to timing payments. You want to stretch out payments as long
A special coverage from Coalition of Visionary Resources COVR in partnershipwith Kim Perkins Q: How do I use last year’s holiday sales to gauge my restock for 2019? A: Having a Point of Sale (POS) system on your computer makes planning for next year’s holiday sales easier,